2/23 Springs Road, East Tamaki, Manukau

High-yielding bottom drawer investment

*Sole agency*

Don't miss your opportunity to purchase is this very bankable tenanted East Tamaki investment property. The established swim school is three years through a 12-year initial term and has a further 10-year right to renew. With locations in Mt Albert and Onehunga, the Aqua Artist Swim School brand is well known in Auckland.

The building, comprising approximately 548sqm has full tilt-slab construction and is complimented by 19 exclusive car parks. Neighbouring businesses include a mix of industrial and trade retail, in line with the local zoning being Business - Light Industrial. East Tamaki is regarded as one of Auckland's premier commercial and industrial locations.

Investors seeking a modern building, producing a strong return at an affordable price point should look no further.

Key Features:
• Rental return of $134,832pa net (as of January 2024)
• Next lease renewal not until 2032
• CPI review dates two-yearly from the commencement date
• Rental bond in place

Contact one of the sole agents to discuss this opportunity further.

Tim Bull
021 127 1831
tim.bull@bayleys.co.nz

Beterly Pan
021 139 2228
beterly.pan@bayleys.co.nz